I had a T5 in my 5.0L 745 swap (bolted to Mustang engine of course). It's a nice box that can take a lot of abuse. Doesn't shift as smooth as an M46 and I would miss the electronic overdrive, but if you are going to make major power it would be the way to go.
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86 745 D24T/ZF 345k lifted 2.5"
83 764 D24T/M46 155k
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